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Mettler-Toledo International Inc (NYSE:MTD)
Shiller P/E Ratio
44.48 (As of Today)

As of today, Mettler-Toledo International Inc's current share price is $362.99. Mettler-Toledo International Inc's E10 for the quarter that ended in Dec. 2015 was $8.16. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 44.48.

MTD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 15.02   Max: 45.73
Current: 44.49

15.02
45.73

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 45.73. The lowest was 15.02. And the median was 36.63.

MTD's Shiller P/E Ratio is ranked lower than
63% of the 48 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 37.71 vs. MTD: 44.49 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Dec. 2015 was $4.445. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.16 for the trailing ten years ended in Dec. 2015.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Mettler-Toledo International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=362.99/8.16
=44.48

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=4.445/236.525*236.525
=4.445

Current CPI (Dec. 2015) = 236.525.

Mettler-Toledo International Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 2.4303.6231.9302.4902.8904.1722.1902.7303.1604.445
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 2.4553.6771.9322.4712.8724.2022.1942.7063.1414.445
201103201106201109201112201203201206201209201212201303201306
per share eps 1.4101.8202.0902.9111.6201.9302.2803.3461.6902.240
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 1.4921.9072.1793.0511.6701.9892.3303.4471.7172.269
200809200812200903200906200909200912201003201006201009201012
per share eps 1.5201.8421.0000.8101.2102.0091.1001.4901.8202.406
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 1.6432.0721.1120.8881.3252.2001.1951.6171.9712.596
200603200606200609200612200703200706200709200712200803200806
per share eps 0.5700.8401.1601.3110.7801.0701.1601.7161.0601.380
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.6750.9791.3521.5370.8981.2151.3161.9321.1741.492

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 0.0044.0222.2530.3037.7831.2435.4438.9042.3441.57

Mettler-Toledo International Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 39.8538.9036.2537.9437.1542.3444.5544.5136.3241.57
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